Washington § 39.42.130 - Aggregate state debt not to exceed debt limitation — State finance committee duties.

Full text of Washington Revised Code of Washington § 39.42.130 — Aggregate state debt not to exceed debt limitation — State finance committee duties., with citation guidance and answers to common questions.

§ 39.42.130. Aggregate state debt not to exceed debt limitation — State finance committee duties.

(1) The state shall not contract any bonds, notes, or other evidences of indebtedness for borrowed money that would cause the aggregate state debt to exceed the debt limitation, as specified in Article VIII, section 1(b) of the state Constitution.
(2) It shall be the duty of the state finance committee to compute annually the amount required to pay principal of and interest on outstanding debt.
(3) To the extent necessary because of the state constitutional debt limitation, priorities with respect to the issuance or guaranteeing of bonds, notes, or other evidences of indebtedness by the state shall be determined by the state finance committee.
[ 2009 c 500 s 2.]

Notes

Effective date—2009 c 500: See note following RCW 39.42.070.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 39.42.130

What does Revised Code of Washington § 39.42.130 cover?

Section 39.42.130 ("Aggregate state debt not to exceed debt limitation — State finance committee duties.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 39.42.130?

A common citation format is "Revised Code of Washington § 39.42.130" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 39.42.130 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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